Shearer, who described the signing as an act of desperation, said Van Dijk does not worth the amount.

The Blackburn and Newcastle legend told BBC Radio 5 live: “Southampton have got one hell of a deal. Van Dijk is a good player, yes, but for £75million? No, he’s not worth it at all.

“Southampton could have named any price they wanted. They knew Liverpool were absolutely desperate for a centre-half. Everyone is aware they are desperate – we have seen them come up short several times this season.

“When Liverpool try and sign a goalkeeper – which they also desperately need – they will find the same thing.

“We’ve been saying it for a number of years now – that transfer fees have gone through the roof – and this one has taken it to another level.”